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DEDICATED
TO A CLEAN ENERGY FUTURE
Meet the Team
Chris Bailey
MANAGING DIRECTOR
Chris has been an innovator in structured finance for solar energy since 2007, leading M&A transactions and developing financial products across public and private equity financings. Chris led capital markets at TerraForm Power, where he was responsible for raising over $3 billion associated with the IPO and follow on transactions. Prior to TerraForm, Chris led SunEdison’s North America structured finance activities where he oversaw over $5 billion of project financings. Chris was later a co-founder and CFO of PowerScout, a marketplace for smart home purchase decisions around sustainable energy products. Chris has a B.S. in Policy Analysis and Management from Cornell University and an M.B.A. from the University of Chicago.
Chris has been an innovator in structured finance for solar energy since 2007, leading M&A transactions and developing financial products across public and private equity financings. Chris led capital markets at TerraForm Power, where he was responsible for raising over $3 billion associated with the IPO and follow on transactions. Prior to TerraForm, Chris led SunEdison’s North America structured finance activities where he oversaw over $5 billion of project financings. Chris was later a co-founder and CFO of PowerScout, a marketplace for smart home purchase decisions around sustainable energy products. Chris has a B.S. in Policy Analysis and Management from Cornell University and an M.B.A. from the University of Chicago.
Ryan Bennett
MANAGING DIRECTOR
Ryan has over 20 years of experience in solar, wind, energy efficiency and battery storage development and investing. Prior to founding 38 Degrees North, Ryan led project finance and capital formation for SunEdison's North American region. Ryan has previously held various development and investing positions in wind energy with Enron Wind, which was later sold to General Electric; Greenrock Capital, an early investor in solar opportunities; and Fotowatio Renewable Ventures, a utility scale solar project developer that was acquired by SunEdison. Ryan has a B.A. in Geology from Colorado College and an M.B.A. and M.E.M. from Yale University.
Ryan has over 20 years of experience in solar, wind, energy efficiency and battery storage development and investing. Prior to founding 38 Degrees North, Ryan led project finance and capital formation for SunEdison's North American region. Ryan has previously held various development and investing positions in wind energy with Enron Wind, which was later sold to General Electric; Greenrock Capital, an early investor in solar opportunities; and Fotowatio Renewable Ventures, a utility scale solar project developer that was acquired by SunEdison. Ryan has a B.A. in Geology from Colorado College and an M.B.A. and M.E.M. from Yale University.
Jake Carney
MANAGING DIRECTOR
Jake has been an energy and finance professional since 2007. He was previously the Director and Head of C&I structured finance at SunEdison where he led approximately $650 million in C&I and $250 million in residential project financings. Prior to his time at SunEdison, Jake held roles in structured finance and project development in the wholesale and C&I market segments at BrightSource Energy, Agile Energy and Tioga Energy. Prior to his time in solar, Jake worked at Accenture as a management consultant to electric utilities and oil and gas companies. Jake has a B.A. from Middlebury College and an M.B.A. from UC Berkeley Haas School of Business.
Jake has been an energy and finance professional since 2007. He was previously the Director and Head of C&I structured finance at SunEdison where he led approximately $650 million in C&I and $250 million in residential project financings. Prior to his time at SunEdison, Jake held roles in structured finance and project development in the wholesale and C&I market segments at BrightSource Energy, Agile Energy and Tioga Energy. Prior to his time in solar, Jake worked at Accenture as a management consultant to electric utilities and oil and gas companies. Jake has a B.A. from Middlebury College and an M.B.A. from UC Berkeley Haas School of Business.
Manaswini Challa
ANALYST
Manaswini joined 38 Degrees North after working as an Investment Banking Analyst at Nomura Greentech, focusing on capital raises and M&A transactions across energy technology, water and environmental services. She was also the lead sector analyst covering integrated sustainable technologies that include carbon credit markets, ESG data analytics and carbon accounting. Manaswini graduated from The University of Texas at Austin with a B.B.A. in Finance and a B.A. in Economics with a minor in Accounting and was a member of the Financial Analyst Program.
Manaswini joined 38 Degrees North after working as an Investment Banking Analyst at Nomura Greentech, focusing on capital raises and M&A transactions across energy technology, water and environmental services. She was also the lead sector analyst covering integrated sustainable technologies that include carbon credit markets, ESG data analytics and carbon accounting. Manaswini graduated from The University of Texas at Austin with a B.B.A. in Finance and a B.A. in Economics with a minor in Accounting and was a member of the Financial Analyst Program.
Garrett Colvin
VICE PRESIDENT OF DEVELOPMENT
Garrett began his career in renewable energy in 2011 with Astrum Solar, which later sold to Direct Energy. Since then, he has held multiple sales, sales management and project development positions within the industry, including Tesla, BlueWave, and SolarFlair. Most recently, Garrett led project origination and portfolio acquisition efforts at Valta Energy, where he built out a pipeline of solar and storage assets of over 200 MW in 12 months. Garrett holds a B.A. in Construction Technology from the University of Massachusetts in Amherst, Massachusetts and a MS in Construction Management from the Wentworth Institute of Technology.
Garrett began his career in renewable energy in 2011 with Astrum Solar, which later sold to Direct Energy. Since then, he has held multiple sales, sales management and project development positions within the industry, including Tesla, BlueWave, and SolarFlair. Most recently, Garrett led project origination and portfolio acquisition efforts at Valta Energy, where he built out a pipeline of solar and storage assets of over 200 MW in 12 months. Garrett holds a B.A. in Construction Technology from the University of Massachusetts in Amherst, Massachusetts and a MS in Construction Management from the Wentworth Institute of Technology.
Colleen DeBenedetto
VICE PRESIDENT OF DEVELOPMENT
Colleen began her career as a land use regulator before spending a few decades in traditional land development and political consulting. In 2015 she transitioned to the renewable energy sector. Prior to joining 38 Degrees North, Colleen held development positions in renewables with Clean Energy Collective, Green Development LLC, Vanguard Renewables, Centrica, and Valta Energy. She focuses her development efforts on real estate, land use entitlements, strategic environmental matters, stakeholder engagement and consensus building. Colleen holds a BS in Environment and Life Science from the University of Rhode Island and a Master of Urban Affairs from Boston University.
Colleen began her career as a land use regulator before spending a few decades in traditional land development and political consulting. In 2015 she transitioned to the renewable energy sector. Prior to joining 38 Degrees North, Colleen held development positions in renewables with Clean Energy Collective, Green Development LLC, Vanguard Renewables, Centrica, and Valta Energy. She focuses her development efforts on real estate, land use entitlements, strategic environmental matters, stakeholder engagement and consensus building. Colleen holds a BS in Environment and Life Science from the University of Rhode Island and a Master of Urban Affairs from Boston University.
Aaron Hills
DIRECTOR OF DEVELOPMENT
Aaron’s 16 years of experience in the renewable energy industry have been focused on deployment of renewable technologies at distributed generation and utility scales, enabling participation in capacity and other related merchant markets, driving other forms of demand-side savings, and managing energy infrastructure. Prior to joining 38 Degrees North, Aaron was Vice President of Development at Valta Energy, leading the origination, acquisition, development, and investment of over $500mm in clean energy assets throughout North America. Aaron has previously served in a variety of development and engineering management roles with ENGIE North America, UTC Power, and IMCORP. Aaron graduated with a BS in Electrical Engineering from the University of Connecticut and a MBA from Carnegie Mellon University’s Tepper School of Business.
Aaron’s 16 years of experience in the renewable energy industry have been focused on deployment of renewable technologies at distributed generation and utility scales, enabling participation in capacity and other related merchant markets, driving other forms of demand-side savings, and managing energy infrastructure. Prior to joining 38 Degrees North, Aaron was Vice President of Development at Valta Energy, leading the origination, acquisition, development, and investment of over $500mm in clean energy assets throughout North America. Aaron has previously served in a variety of development and engineering management roles with ENGIE North America, UTC Power, and IMCORP. Aaron graduated with a BS in Electrical Engineering from the University of Connecticut and a MBA from Carnegie Mellon University’s Tepper School of Business.
Tom Hockin
VICE PRESIDENT OF DEVELOPMENT
Tom has 15 years of experience in renewable energy development. Prior to joining 38 Degrees North, Tom led market development at AMP Robotics, an AI platform for advanced recycling and origination for Brightmark’s plastic to fuel technology. Prior to Brightmark, Tom led solar development for Northland Power in the US, Canada and Mexico, with responsibility for over 260 MW solar projects in operation. Tom has B.A. in English from Huron University and an M.B.A., International Business, from Georgia State University.
Tom has 15 years of experience in renewable energy development. Prior to joining 38 Degrees North, Tom led market development at AMP Robotics, an AI platform for advanced recycling and origination for Brightmark’s plastic to fuel technology. Prior to Brightmark, Tom led solar development for Northland Power in the US, Canada and Mexico, with responsibility for over 260 MW solar projects in operation. Tom has B.A. in English from Huron University and an M.B.A., International Business, from Georgia State University.
Tim Luthin
VICE PRESIDENT
Prior to joining 38 Degrees North, Tim was an Associate at Morgan Stanley in both the Equity Research and Investment Banking Division, focusing on public and private capital raises and M&A in the energy and healthcare sectors. Tim holds a B.A. in Human Biology and an M.S. in Earth Systems with a focus on renewable energy finance, both from Stanford University. While at Stanford, Tim was the Head TA of the Earth Systems Program and conducted biogeochemical research on kelp forests to better understand their potential as a carbon sink.
Prior to joining 38 Degrees North, Tim was an Associate at Morgan Stanley in both the Equity Research and Investment Banking Division, focusing on public and private capital raises and M&A in the energy and healthcare sectors. Tim holds a B.A. in Human Biology and an M.S. in Earth Systems with a focus on renewable energy finance, both from Stanford University. While at Stanford, Tim was the Head TA of the Earth Systems Program and conducted biogeochemical research on kelp forests to better understand their potential as a carbon sink.
Ryan MacDonald
VICE PRESIDENT
Prior to joining 38 Degrees North, Ryan was an Associate at Silicon Valley Bank on both the Venture Debt Credit Solutions and the Project Finance teams. On the Project Finance team, Ryan focused on financing utility scale, residential, and community solar transactions, and participated in financing approximately 1.5GW of transactions. Before joining Silicon Valley Bank, Ryan graduated from the University of Denver honors program as a double major in Finance / International Business with a distinction in Finance, for which he completed a capstone thesis on entrepreneurship.
Prior to joining 38 Degrees North, Ryan was an Associate at Silicon Valley Bank on both the Venture Debt Credit Solutions and the Project Finance teams. On the Project Finance team, Ryan focused on financing utility scale, residential, and community solar transactions, and participated in financing approximately 1.5GW of transactions. Before joining Silicon Valley Bank, Ryan graduated from the University of Denver honors program as a double major in Finance / International Business with a distinction in Finance, for which he completed a capstone thesis on entrepreneurship.
Ryan Mikkelsen
ASSOCIATE
Ryan joined 38 Degrees North after getting his MBA at the Yale School of Management, where he focused on climate tech and project finance. Prior to Yale, he worked at Analysis Group, an economic, financial, and strategy consulting firm, where he led complex analyses across a range of industries, including utility disputes and microgrid investments in emerging economies. More recently, Ryan worked as an Associate on the project finance team at Aspen Power, a distributed energy generation platform. He has an B.A. in Economics and International Studies from Washington University in St. Louis and an M.A. in Economics from the Yenching Academy at Peking University.
Ryan joined 38 Degrees North after getting his MBA at the Yale School of Management, where he focused on climate tech and project finance. Prior to Yale, he worked at Analysis Group, an economic, financial, and strategy consulting firm, where he led complex analyses across a range of industries, including utility disputes and microgrid investments in emerging economies. More recently, Ryan worked as an Associate on the project finance team at Aspen Power, a distributed energy generation platform. He has an B.A. in Economics and International Studies from Washington University in St. Louis and an M.A. in Economics from the Yenching Academy at Peking University.
Eric Restic
ANALYST
Prior to joining 38 Degrees North, Eric was an Investment Banking Analyst at Salem Partners where he performed sell-side M&A work across the industrial, real estate, and media sectors. Before that, Eric was an Associate in the alternative investments division of KPMG’s audit practice in Los Angeles. Additionally, he is a Certified Public Accountant in the State of California. Eric graduated from the University of Notre Dame with a B.B.A. in Accountancy and played on the Division 1 men’s lacrosse team.
Prior to joining 38 Degrees North, Eric was an Investment Banking Analyst at Salem Partners where he performed sell-side M&A work across the industrial, real estate, and media sectors. Before that, Eric was an Associate in the alternative investments division of KPMG’s audit practice in Los Angeles. Additionally, he is a Certified Public Accountant in the State of California. Eric graduated from the University of Notre Dame with a B.B.A. in Accountancy and played on the Division 1 men’s lacrosse team.
Board of Directors
Chris Bailey
MANAGING DIRECTOR
Chris has been an innovator in structured finance for solar energy since 2007, leading M&A transactions and developing financial products across public and private equity financings. Chris led capital markets at TerraForm Power, where he was responsible for raising over $3 billion associated with the IPO and follow on transactions. Prior to TerraForm, Chris led SunEdison’s North America structured finance activities where he oversaw over $5 billion of project financings. Chris was later a co-founder and CFO of PowerScout, a marketplace for smart home purchase decisions around sustainable energy products. Chris has a B.S. in Policy Analysis and Management from Cornell University and an M.B.A. from the University of Chicago.
Chris has been an innovator in structured finance for solar energy since 2007, leading M&A transactions and developing financial products across public and private equity financings. Chris led capital markets at TerraForm Power, where he was responsible for raising over $3 billion associated with the IPO and follow on transactions. Prior to TerraForm, Chris led SunEdison’s North America structured finance activities where he oversaw over $5 billion of project financings. Chris was later a co-founder and CFO of PowerScout, a marketplace for smart home purchase decisions around sustainable energy products. Chris has a B.S. in Policy Analysis and Management from Cornell University and an M.B.A. from the University of Chicago.
Ryan Bennett
MANAGING DIRECTOR
Ryan has over 20 years of experience in solar, wind, energy efficiency and battery storage development and investing. Prior to founding 38 Degrees North, Ryan led project finance and capital formation for SunEdison's North American region. Ryan has previously held various development and investing positions in wind energy with Enron Wind, which was later sold to General Electric; Greenrock Capital, an early investor in solar opportunities; and Fotowatio Renewable Ventures, a utility scale solar project developer that was acquired by SunEdison. Ryan has a B.A. in Geology from Colorado College and an M.B.A. and M.E.M. from Yale University.
Ryan has over 20 years of experience in solar, wind, energy efficiency and battery storage development and investing. Prior to founding 38 Degrees North, Ryan led project finance and capital formation for SunEdison's North American region. Ryan has previously held various development and investing positions in wind energy with Enron Wind, which was later sold to General Electric; Greenrock Capital, an early investor in solar opportunities; and Fotowatio Renewable Ventures, a utility scale solar project developer that was acquired by SunEdison. Ryan has a B.A. in Geology from Colorado College and an M.B.A. and M.E.M. from Yale University.
Jake Carney
MANAGING DIRECTOR
Jake has been an energy and finance professional since 2007. He was previously the Director and Head of C&I structured finance at SunEdison where he led approximately $650 million in C&I and $250 million in residential project financings. Prior to his time at SunEdison, Jake held roles in structured finance and project development in the wholesale and C&I market segments at BrightSource Energy, Agile Energy and Tioga Energy. Prior to his time in solar, Jake worked at Accenture as a management consultant to electric utilities and oil and gas companies. Jake has a B.A. from Middlebury College and an M.B.A. from UC Berkeley Haas School of Business.
Jake has been an energy and finance professional since 2007. He was previously the Director and Head of C&I structured finance at SunEdison where he led approximately $650 million in C&I and $250 million in residential project financings. Prior to his time at SunEdison, Jake held roles in structured finance and project development in the wholesale and C&I market segments at BrightSource Energy, Agile Energy and Tioga Energy. Prior to his time in solar, Jake worked at Accenture as a management consultant to electric utilities and oil and gas companies. Jake has a B.A. from Middlebury College and an M.B.A. from UC Berkeley Haas School of Business.
Priyanka Duvvuru
PRINCIPAL, S2G VENTURES
Priyanka Duvvuru is a Principal at S2G Ventures. She supports the firm’s clean energy investment strategy focused on investments into companies at the intersection of technology with infrastructure, industrials and clean energy, as well as development platforms focused on the energy transition. She joined S2G Ventures from Stonepeak Infrastructure Partners where she spent five years investing primarily in renewables, energy transition and water opportunities in the U.S. and Asia. Prior to Stonepeak, Priyanka was a developer at Clean Line Energy where she worked on developing long-distance merchant transmission lines to connect stranded renewable energy resources to population centers. She holds a B.S. in Civil and Environmental Engineering with a minor in Energy and Water Sustainability from Rice University. Originally from Houston, Texas, Priyanka now lives in Brooklyn with her husband and dog and enjoys travelling, curling up with a good book and being outdoors as much as possible.
Priyanka Duvvuru is a Principal at S2G Ventures. She supports the firm’s clean energy investment strategy focused on investments into companies at the intersection of technology with infrastructure, industrials and clean energy, as well as development platforms focused on the energy transition. She joined S2G Ventures from Stonepeak Infrastructure Partners where she spent five years investing primarily in renewables, energy transition and water opportunities in the U.S. and Asia. Prior to Stonepeak, Priyanka was a developer at Clean Line Energy where she worked on developing long-distance merchant transmission lines to connect stranded renewable energy resources to population centers. She holds a B.S. in Civil and Environmental Engineering with a minor in Energy and Water Sustainability from Rice University. Originally from Houston, Texas, Priyanka now lives in Brooklyn with her husband and dog and enjoys travelling, curling up with a good book and being outdoors as much as possible.
Frank O’Sullivan
MANAGING DIRECTOR, S2G VENTURES
Francis (Frank) O’Sullivan is Managing Director for S2G Ventures where he oversees the fund’s Clean Energy investments. Previously, Frank was a Senior Vice President and Head of Onshore Strategy for Ørsted, one of the world’s leading renewable energy developers. In this role, Frank was responsible for the long-term commercial planning and market analysis across onshore wind, solar and storage, and was a member of the management team responsible for growing Ørsted’s onshore business from <1GW of wind in 2019 to >5GWs of wind solar and storage today. Prior to Ørsted, Frank was Director of Research for the MIT Energy Initiative and Co-Director of the MIT Electric Power System Center where he led the research agenda of one of the world’s leading energy and sustainability-focused academic research initiatives with an annual budget approaching $50M. Frank continues to hold a Senior Lecturer position at the MIT Sloan School of Management, where each Fall he teaches his class, “Climate & Energy Ventures.” Through both his commercial and academic activity, Frank has also been broadly engaged in regulatory and policy development in support of the clean energy, water and climate objectives and has written and spoken widely on these topics. Frank has previously served as a member of the U.S. National Academies’ Roundtable on Science and Technology for Sustainability. He is a Senior Associate with the Energy and National Security Program at the Center for Strategic and International Studies, and he is a Distinguished Associate with the Energy Futures Initiative. He has also served as a member of the U.S. Secretary of Energy’s working group on methane emissions, and as a Senior Advisor to the U.S. Secretary of Energy for the 2016 Quadrennial Energy Review. Frank received his Ph.D., E.E., and S.M. degrees from the Massachusetts Institute of Technology, and his B.E. degree from the National University of Ireland, all in electrical engineering.
Francis (Frank) O’Sullivan is Managing Director for S2G Ventures where he oversees the fund’s Clean Energy investments. Previously, Frank was a Senior Vice President and Head of Onshore Strategy for Ørsted, one of the world’s leading renewable energy developers. In this role, Frank was responsible for the long-term commercial planning and market analysis across onshore wind, solar and storage, and was a member of the management team responsible for growing Ørsted’s onshore business from <1GW of wind in 2019 to >5GWs of wind solar and storage today. Prior to Ørsted, Frank was Director of Research for the MIT Energy Initiative and Co-Director of the MIT Electric Power System Center where he led the research agenda of one of the world’s leading energy and sustainability-focused academic research initiatives with an annual budget approaching $50M. Frank continues to hold a Senior Lecturer position at the MIT Sloan School of Management, where each Fall he teaches his class, “Climate & Energy Ventures.” Through both his commercial and academic activity, Frank has also been broadly engaged in regulatory and policy development in support of the clean energy, water and climate objectives and has written and spoken widely on these topics. Frank has previously served as a member of the U.S. National Academies’ Roundtable on Science and Technology for Sustainability. He is a Senior Associate with the Energy and National Security Program at the Center for Strategic and International Studies, and he is a Distinguished Associate with the Energy Futures Initiative. He has also served as a member of the U.S. Secretary of Energy’s working group on methane emissions, and as a Senior Advisor to the U.S. Secretary of Energy for the 2016 Quadrennial Energy Review. Frank received his Ph.D., E.E., and S.M. degrees from the Massachusetts Institute of Technology, and his B.E. degree from the National University of Ireland, all in electrical engineering.
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